Matthew Bradbard

Today in Commodities: Don't Fight the Tape

Yes we concur nat gas is a buy if prices come down just a touch more...see previous posts. In terms of crude we prefer to buy a setback as opposed to get short. If you chose to get short DO use a tight stop. On a trade out of the bollinger bands on the daily chart which is just above $76 on the November contract we would take a loss. If you do get a break trail your stop lower.


On Oct 14 06:38 PM Melsen wrote:

> By your way of writing I guess you haven't gone long NG yet. I agree
> with you and in order to go long I'll wait for at least a 50% retracement.
> Considering the way it's going even a 61.8% would be in the playbook
> I think, that would put the December contract in the range of $4.50-$5
> that we've been trading on the November contract. Crude IMO will
> reverse shortly. If it can't get a convincing bid over $75 under
> these conditions, when will it? Gone short crude today with a tight
> stop, just in case it rallies all the way to $80. Do you think that
> was too much of a risk?

Today in Commodities: Don't Fight the Tape

We are positioned long in the March 10' contract for clients expecting a re-test of 25.50. We will remain long as long as prices do not trade below 21.00.


On Oct 14 04:20 PM rrdaniel wrote:

> Any thoughts on sugar ? Still going long ?